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Money Laundering & Vancouver Real Estate

Money Laundering & Vancouver Real Estate

Money Laundering As of late there has been much media attention focused on the role of foreign buyers, and increasingly on ‘money laundering’. No doubt both foreign buyers and money laundering play a role in our markets but not necessarily a linked role....
How To Eat A Whale

How To Eat A Whale

***Edited from the original version*** Historically posts on this site have been focused on facts, logic, and basic math. The original version of this post strayed too focusing on the individual making the statements, this was bad form on my part. In this edited...
Brexit & Your Mortgage

Brexit & Your Mortgage

Short Version Lower rates for longer is the initial prognosis. Referendums: Just a flawed concept.   Long Version While Canada is somewhat insulated from the direct economic consequences of Brexit, so little of CDN trade being with either the EU or Britain, it...
The Worst Time to Be a Realtor?

The Worst Time to Be a Realtor?

It is a frenzy out there.   Home sales keep smashing previous records – Greater Vancouver MLS sales for May were up 32 percent year over year, and Fraser Valley sales were up 48 percent. Properties sell in hours, with multiple offers, often...
Broken Telephone: Scotiabank and Vancouver Mortgages

Broken Telephone: Scotiabank and Vancouver Mortgages

A game of broken telephone…   Fact – Jenny says ‘I like Johnny’s friend Jim’.   Fiction – School newspaper runs with ‘Jenny caught kissing Johnny in gym’.   Detachment from Reality – Student chatter converts the already inaccurate headline into: ‘Jenny...
Writing a subject free offer?

Writing a subject free offer?

Following are just a few rules and considerations.   It looks like a long list of things that could be potentially serious problems, but I assure you the full list is far longer. This is just the tip of the iceberg… an iceberg that more than a few people...
How have you structured your own mortgage and why?

How have you structured your own mortgage and why?

Ask your Broker or your banker the following Question; How have you structured your own mortgage and why? Aside from discovering that an overwhelming number of mortgage professionals have their own residence set up in either short term fixed (1yr or 2yr) or a variable...
Subject Free Offers – Another Landmine Lurking

Subject Free Offers – Another Landmine Lurking

60 day Notice To Vacate…   …words every Mortgage Broker longs to see in an offer written on a tenanted property, in particular when the buyer has less than a 20% down payment.   For a client putting less than 20% down, (or for a purchase requiring Mortgage...
No Bubble To See Here – Part 6 – Emotion

No Bubble To See Here – Part 6 – Emotion

Why none of the math in previous posts in this series really matters…   Emotion   The largest investment in the entire process of purchasing real estate is the emotional investment.   Emotion drives the market, not low rates, not foreign...
No Bubble To See Here – Part 5 – When Rates Rise

No Bubble To See Here – Part 5 – When Rates Rise

But when rates go back up…   It is not when, it is if. I wrote that correctly. If they go up, as in if they go up in time to matter to me or to you, Mr. & Mrs. Homeowner. Maybe they stay low for another ten or fifteen years, and by then my mortgage will be so...